Coingate fees going crazy!!!

[Spinat]

I made some test to transfer ETH and BTC from coingate commerce to kraken. The fee to transfer 100 EUR worth in BTC is 27EUR ?? the same for Ethereum.

What is going on ?

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[sharklasers]

It might be related to congested mempool with ~450000 pending transactions. But everything isn't lost,‌ there are alternatives.

 

[Spinat]

How is this related to coingate, can you elaborate?
Does the issues with Binance has‌ anything to do with all of it?
https://www.coindesk.com/business/2...-withdrawals-for-the-second-time-in-24-hours/

 

[Simon4466]

Binance stopped withdrawals for btc for the same reason. Any transaction on the btc chain‌ is hellishly expensive now

 

[JackAlabama]

people play around with this memecoin thing.
You have following options.
Use usdt on trx‌ for lower transfer fees between the two exchanges or some other not-used chain like litecoin‍ etc.
Use lightning, some support it like Bitfinex and you can take usdt from there⁠ etc.